Italy’s Monti steps into Monte Paschi scandal

Italian Prime Minister Mario Monti weighed in to the scandal surrounding Banca Monte dei Paschi di Siena on Thursday, rejecting suggestions the authorities had failed to spot large trading losses threatening the bank. Already in need of a 3.9 billion-euro bailout, Monte dei Paschi this week revea…

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Italy’s Monti steps into Monte Paschi scandal

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